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erica [24]
4 years ago
8

How many years will it take for an initial investment of $20000 to grow to $50000? Assume a rate of interest of 17% compounded c

ontinuously
Mathematics
1 answer:
Gemiola [76]4 years ago
4 0

Answer:

Years = natural log (total / principal) / rate

Years = natural log (50,000 / 20,000) / .17

Years = natural log (2.5) / .17

Years = (0.9162907319) / .17

Years = 5.3899454818 =

Years = 5.4 (rounded)

Source: https://www.1728.org/rate2.htm




Step-by-step explanation:


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